Bitcoin inflows into crypto exchange Binance have surged over the past two weeks amid uncertainty over US President Donald Trump’s tariffs and the upcoming US Consumer Price Index (CPI) results, says an analyst.
However, another analyst argued that while it could signal an impending sell-off, it might also indicate a bullish trend.
Investors are “actively moving funds to Binance”
CryptoQuant contributor Maarten Regterschot said in an April 9 post that Binance’s Bitcoin (BTC) reserve increased by 22,106 BTC, worth $1.82 billion, over the last 12 days to a total of 590,874 BTC.
“This shows a strong acceleration in BTC inflows to Binance. It’s likely that investors are actively moving funds to Binance due to the macro uncertainty and before the upcoming CPI ..
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